The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 25, 2026 for Himanshu Kanakia ....
CINELINE · price
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Cineline India Limited's promoters have created a new pledge on 28,00,000 equity shares (8.17% of total share capital) held by Himanshu Kanakia as trustee of Hiral Kanakia Trust. The pledge was created on February 24, 2026, in favour of Vistra ITC (India) Limited, a non-banking lending entity, for the personal use of the promoter. Of the trust's total holding of 30,68,800 shares (8.96%), 28,00,000 shares (about 91% of the trust's holding) are now encumbered. The value of pledged shares is approximately ₹23.11 crore against a loan amount of ₹18 crore, giving a security cover of 1.29 times. Rasesh Kanakia (trustee of Rupal Kanakia Trust) has also filed a similar disclosure regarding 28,00,000 shares of that trust.
This is a fresh pledge of a large portion of the promoter trust's holdings, signalling the promoter is raising personal funds against shares. While the encumbrance is well-covered (1.29x) and for personal use, retail investors should monitor any increase in pledged shares or future invocation, as high pledging can be a risk signal.